Global clearing house LCH has announced that it is now offering clearing services for financial derivatives listed on Oslo Børs Derivatives Market. Five additional members trading financial derivatives on Oslo Børs are able to access the risk management benefits of clearing at LCH SA and two existing clearing members will extend their membership to clear the Oslo market.
The appointment of LCH SA as the central counterparty clearing house comes after Euronext’s acquisition of Oslo Børs in 2019. Existing members of LCH SA’s listed derivatives clearing service are able to extend their existing memberships to include trading activity at Oslo Børs.
We’re delighted to be extending our relationship with Euronext to offer clearing for Oslo Børs Derivatives Market. This is a significant step for us as we continue to expand the number of products and trading venues available to our clearing members.
LCH SA has a strong track record in providing the market with robust risk management solutions across a range of products. Connecting to LCH will support the growth of our membership base, by onboarding a more diverse set of member firms. We’re pleased to be offering Oslo Børs’s members with an efficient post trade service to fulfil their clearing obligations.
Earlier in October, LCH announced that it will be supporting the clearing of bonds issued as part of the European Union’s temporary support to mitigate unemployment risks in an emergency (SURE) programme.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
